Nebulas (NAS)
Nebulas is a decentralized platform which will provide a search framework for all blockchains. The white paper mainly focuses on three concepts: value rank of blockchains, the positive feedback ecosystem, and the self-evolving blockchain system. Key metrics include Nebulas Rank (the measure of value for blockchains) and Nebulas Force (a fundamental self-evolving mechanism for blockchains). The ultimate mission of the Nebulas Blockchain is to build a self-evolving blockchain system based on value incentive.
Mining/Staking
This project uses a unique Proof of Devotion consensus mechanism. This gives an "influential" user on the blockchain network an opportunity to become a bookkeeper and receive block rewards and transaction fee as revenue, which will encourage them to contribute to the stability and security of the blockchain on a continuous basis. Users with high ratings take part in the bookkeeper selection procedure by paying a security deposit. Through virtual mining, each bookkeeper candidate competes to earn bookkeeping rights. Users with bookkeeping right are responsible for block generation, and in return receive block reward and transaction fee as revenue. If any user behaves in an inappropriate fashion, the user's security deposit will be confiscated and reassigned to other bookkeeper candidates.
Development Team
This project has an extremely strong team, including Hitters Xu, Robin Zhong, and Aero Wang (founders of Antshares, which became the Neo platform).
Criticisms, Caveats, and Competitors
The underlying asset NAS is not yet traded on any large global exchanges.
Additional Resources
The project's main website: https://nebulas.io
Link to Wikipedia Page: N/A
Link to Reddit Community: https://www.reddit.com/r/nebulas
Link to Twitter account: https://twitter.com/nebulasio
Link to Team information: https://nebulas.io/team.html
Link to data on Live Coin Watch: https://www.livecoinwatch.com/price/NebulasToken-NAS
Non-Technical Whitepaper: https://nebulas.io/docs/NebulasWhitepaper.pdf
Technical Whitepaper: https://nebulas.io/docs/NebulasTechnicalWhitepaper.pdf